NuVasive Company Profile (NASDAQ:NUVA)

Nuvasive, Inc. is a medical device company. The Company focuses on developing minimally-disruptive surgical products and procedurally-integrated solutions for the spine surgery. Its product portfolio focuses on applications for spine fusion surgery, including biologics used to aid in the spinal fusion process. Its principal product offering includes a minimally-disruptive surgical platform called Maximum Access Surgery (MAS). The platform includes its software-driven nerve detection and avoidance systems, including NVM5, and intraoperative monitoring services and support; MaXcess, an integrated split-blade retractor system, and a range of implants and biologics. The platform combines three product categories: its MaXcess retractors, specialized implants and fixation products, and nerve monitoring systems and service offerings that collectively enable surgeons to detect and navigate around nerves, while directing customized access to the spine for implant delivery.

What is NuVasive's stock symbol?

NuVasive trades on the NASDAQ under the ticker symbol "NUVA."

How were NuVasive's earnings last quarter?

NuVasive, Inc. (NASDAQ:NUVA) issued its earnings results on Thursday, July, 27th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.02. The business earned $260.60 million during the quarter, compared to analyst estimates of $261.95 million. NuVasive had a return on equity of 13.04% and a net margin of 3.50%. NuVasive's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. View NuVasive's Earnings History.

When will NuVasive make its next earnings announcement?

What guidance has NuVasive issued on next quarter's earnings?

NuVasive issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.01. The company issued revenue guidance of $1.065 billion, compared to the consensus revenue estimate of $1.07 billion.

Where is NuVasive's stock going? Where will NuVasive's stock price be in 2017?

14 brokerages have issued 12 month price targets for NuVasive's stock. Their forecasts range from $72.00 to $90.00. On average, they expect NuVasive's stock price to reach $79.75 in the next year. View Analyst Ratings for NuVasive.

What are analysts saying about NuVasive stock?

Here are some recent quotes from research analysts about NuVasive stock:

1. According to Zacks Investment Research, "NuVasive’s second-quarter 2017 performance was mixed with the bottom line beating the estimates and sales missing the mark. However, year-over-year, revenue growth was solid, led by robust performance in the international market on above-market growth across all geographies. Notably, over the recent past, the company has demonstrated steady year-over-year improvement on the top-line front on account of strong procedural growth in the U.S. as well as internationally. We are optimistic about the company’s recent progress in development of technologies and services for spine surgery. On the flip side, over the last three months, NuVasive has been trading below the broader industry. Further, currency headwind, pricing and reimbursement issues along with a competitive landscape are major downsides. Also, the company’s low-margin Biotronic business impacted the second quarter’s performance." (7/31/2017)

3. Canaccord Genuity analysts commented, "We note leading indicators of forward growth — new product flow (Less-ray, cervical iGA, Unite, pediatric deformity, expandable cages) and sales rep additions (+15 percent Y/Y in 2016) — should drive incremental growth opportunities entering the H2/16," the analyst said.On Track to Deliver Meaningful LeverageCanaccord Genuity believes the company is on track to deliver meaningful leverage over the next five years, although it expects M&A and continued investments to offset near-term improvements in operating margins."In sum, we continue to view the margin story positively but expect 2017 to be back-end loaded as NUVA realizes the benefits of sales force investments (building out peds team) and marketing efforts in Japan," the firm said.Guidance Reflects Changing SeasonalityThe firm noted that the company guided full-year revenues to $1.065 million, including a $10 million forex headwind, adjusted operating margins of 17.1 percent, up 100 basis points year-over-year, and earnings of $2 per share. However, the second quarter revenue guidance of $262 million was about $5 million below the consensus estimate, the firm added.According to the firm, this reflects the changing seasonality of the revenue cadence post the Ellipse Biotronic acquisitions. Concluding, the firm said, "We continue to believe that NuVasive is in prime share-taking position in the global spine market, driven by innovative new product flow, robust sales force additions, and broader tailwinds such as vendor consolidation."Furthermore, the margin expansion story remains intact and we see upside bias to estimates despite the second-half weighted guidance." (4/26/2017)

Who sold NuVasive stock? Who is selling NuVasive stock?

NuVasive's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Columbus Circle Investors, Capital Research Global Investors, Hood River Capital Management LLC, Hodges Capital Management Inc., Elk Creek Partners LLC, American Century Companies Inc. and Scout Investments Inc.. Company insiders that have sold NuVasive stock in the last year include Jason Hannon, Lesley H Howe and Matthew Link. View Insider Buying and Selling for NuVasive.

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